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English 86
Search Results 0 to 49 of about 86 (some duplicates have been removed)
FOX News
Jun 22, 2013 7:30am PDT
, but the way they're doing it, i have a big worry about how it will affect the economy. and to hear the cbo which i call the congressional bull crap office with their numbers say it will help the economy and they say it will help the economy and help the deficit, i don't think so. >> hard for me to believe that, too, charlie. every time the cbo scores something and all of these things where we spend trillions of dollar, somehow we save money at the end, just baffles me. >> like obamacare. >> exactly. >> i'm trying to think of an anti-union angle here. i mean, i want to correct ben on one thing. he made the point before that immigration is basically to to meet demand for labor. not to drive down the cost of labor. so -- >> among other things. >> what's odd about this is that we don't have a demand for hard labor. and they're still thinking about bringing people in. and this is what i don't get from the left. they say they're for the poor and everything, to give benefits out. and basically help the poor. this doesn't help the poor, this hurts the poor. it drives down the base wage rate. >> it
FOX News
Jun 21, 2013 3:00pm PDT
the obama economy? this is "special report." good evening, i am chris wallace in for bret baier. investors and traders on wall street are breathing a sigh of relief, thanks to a break from two rough selloff days in the financial markets. chief white house correspondent ed henry reports there's one man that remains on the hot seat, federal reserve chairman ben bernanke. >> reporter: after two days of market melt downs and high anxiety about 401(k)s plunging again, the last thing president obama or his aides wanted to do today was try to decipher the words of the fed chairman, ben bernanke. >> how is the white house sorting out what he said? >> here is what i have to say about the markets and the fed chairman and fed policy. >> reporter: nothing to say. probably smart because the market settled today, with modest gains for the dow and s&p 500 and a small drop for nasdaq, after a two day global selloff for stocks, bonds, and commodities, sparked by a massive credit crunch in china, refusal by communist leaders to intervene by pumping cash into the system, coupled with bernanke's comment that
FOX News
Jun 22, 2013 12:00pm PDT
, thank you. >> a little background on brazil. it's one of the world's largest economies coming in as number six. it was ninth in gross domestic product, it's expected to grow a 4.2%. inflation is up at 6.7% for the past year. rising rate fueling concerns there may be a another round of interest rate hikes. poverty rate stands at 21.4% with more than 41 million people considered poor. we will continue to follow the unrest in brazil. coming up later this hour, rick grenell the spokesperson for the last four ambassadors to the u.n. he will join us live. >> gregg: immigration reform is debates the turn in spotlight. next week on capitol hill, but can u.s. scenarios behind the bill actually gin up enough support for its passage. elizabeth plann has the story live from d.c. bureau. >> the immigration reform bill starting to take shape in the senate while republicans in the house continue to form what they think is a solution. just as the president says it's a pathway to provide citizenship for folks that wanted to come here and stay here legally while bringing relief to a struggling
NBC
Jun 21, 2013 4:00am PDT
as the economy continues to improve. but as cnbc's maria bartiromo points out, there may be a silver lining. >> every time we've seen a sell-off of 5%, a lot of people were expecting a correction of 5%. each time we've seen that, that selling has been met by buyers. they call it the so-called buy on the dip mentality. >> nbc's tracie potts has details, including what this means for homeowners. tracie, good morning to you. >> reporter: good morning. here's how you connect what's going on on wall street with the average american. when the fed says we're going to pull some of our support because the economy's doing better, that means interest rates may go up. if you're buying a car or sending a kid to college or, as you note, if you're buying a home. the housing market has been doing pretty well. take a look at the may numbers. 5 million homes sold in the month of may. that's up 4% from a month earlier. up almost 13% from a year earlier. the median home sale price right now for existing homes is $208,000. that's up 15% year over year. in fact, we've seen double-digit increases for six months i
CNN
Jun 19, 2013 11:00am PDT
anticipated meeting on the economy. and the result of that meeting could affect your retirement savings, your ability to sell your home, buy a home, your 401(k), your cash. the list goes on and on. as we know, everyone sits with bateed brea bated breath waiting for the voice of ben bernanke. christine roman, good to see you. we're hoping you can translate some of the fed speak in language we can all digest. i know this is your beat. tell me, we're awaiting this statement. what will you be listening for? >> what we know is we have seen the statement. we know there's no change in the amount of bonds the fed is going to keep buying, that stimulus into the economy. no change in its interest rate target. really i would say overall no change from the fed right now. and that is what so many people wanted to know. will the fed chief, will ben bernanke, continue to stimulate the economy. they're putting $85 billion every single month right into the economy by making these bond purchases. what we can tell you, the statement from the fed, that's going to stay the same. they are not announcing how, when,
CSPAN
Jun 20, 2013 8:00pm EDT
, promotes growth and creates jobs, investments in infrastructure and innovation, expands our economy and strengthens the middle class and responsibly reduces the deficit. cognizant van hollen has been our leader on budget issues and the -- always promoting a budget as a statement of our national values of fairness, and opportunity, while reducing the deficit. please yield to the distinguished gentleman. >> thank you, leader pelosi. leader pelosi and president obama have in calling for some time now for the house of representatives to get working on legislation that will help boost growth. the economy has been improving but we know it can improve much faster if congress would do its work. two percent economic growth. because of things congress has done, like the sequester, we are slowing down economic growth in the country. the congressional budget office says economic growth this year will be one third less because of the sequester. which is why we have proposed a budget. senate democrats and the president of the united states have proposed budget that would replace the sequester wit
CNN
Jun 20, 2013 8:00pm PDT
into the economy to prop it up to prevent a depression is going to start drying up. peter kenny is the chief market strategist at knight capital group. i guess the question is two days nearly 4%. makes people afraid. and it should make people afraid t. question is, is this temporary or something that could get worse and worse? >> it's a real wake-up call. i do think this is a short-term trend. given that, we are in a period of volatility since chairman bernanke did mention tapering back in may, which is where we had our highs. >> which means i will stop giving you this free market. >> meaning we have seen the most volatility all year. sideways to lower, the last two days significantly lower. there is probably some work to do on the downside in the near term. this is something that's needed. a pullback is needed. we need to get back to more compelling evaluations in the index stocks generally speaking. so it's not as if this is completely destructive. it's a question of a longer period of trend. >> it's pruning. >> that's a great example. >> when you look at five years ago when this whole, they call
CNN
Jun 22, 2013 2:00pm PDT
. >>> how would you grade the economy? if you don't have a job you might give it an f. if you're in the stock market you might get it an a. what do the financial experts think? we'll find out. cnn's christine romans this week, smart is the new rich. >> summer is here and stocks are in turmoil after a 13% gain this year. unemployment is still too high. investors are making a fortune in housing but nearly 10 million people owe more on their mortgage than their home is worth. there are a rash of statistics to measure this recovery. let's look at this way and give it a good old fashioned letter grade starting with a man whose firm manages $2 trillion. >> i would give the economy a b to a b plus. it is getting better but not fast enough. >> reporter: he buys and sells bonds. these guys are real estate tycoons. >> i'd say it's a c plus rnkts what do you think, mort? >> c plus. >> reporter: here is a harvard professor. >> i think b plus at this point. we should be creating way, way more jobs. >> reporter: the view from the stock market? >> i think b minus. the economy has held up wel
FOX News
Jun 21, 2013 2:00am PDT
they may buy back bonds later this year because the economy in their view could be improving. this has all kinds of implications especially for interest rates. they kept artificially low fuelling the rebound of real estate prices for instance they helped fuel the slow recovery. >> i think the market is saying the fed believes this economy to be stronger than we do. but we don't believe you that if you take away the stimulus this economy won't be able to stand on its own two feet. until we see otherwise we are going to be concerned that this low trajectory economy can be at risk of dangerous down draft. >> we knew it would impact sometime that the fed would have to dial back on the bond buying spree 85 billion a month taking the foot off the it was pedal. the food news these can lead to buying opportunities. may be something of a rebound today. dow futures are up. >> doug luzader live in washington, thank you. >> it is the first day of summer and we are kicking it off with extreme weather. >> maria molina is in our weather center tracking heavy rains in parts of the country. hi maria. >> go
ABC
Jun 21, 2013 4:00am PDT
about the economy. last month, employers added 175,000 new jobs, with unemployment expected to fall below 7% next year. existing home sales are also picking up, posting their best month in 3 1/2 years. but recovery from recession, means the federal reserve could pull back on its stimulus program, which has pumped billions into the system to help drive growth. >> our economy is getting better. and now, it's time to see how we can do it on our own. >> reporter: the potential shift by the fed has shaken some investors, who fear the economy is not as strong as it seems. some worry that record-low interest rates could disappear. already mortgage rates have climbed above 4% for the first time in a year. market watchers say the volatile week is a sign of coming to terms with the new reality. >> once we get through that period, i think we're going to realize that we're going to be okay and things are going to get back to normal. >> reporter: financial advisers say the best advice for average investors is not to panic, to stick it out. they know overall the dow is still up more than 10% this
CNN
Jun 21, 2013 2:00am PDT
into the economy each month. >> gradually reducing the pace of purchases. >> reporter: the second, overnight thursday bad news from china. manufacturing production fell. the economy isn't growing as fast as it had been. the pros say this was bound to happen after months of gains and record highs. in fact, the fed pulling back is a sign the economy is getting better. >> there's no fear or panic going on. we know it's going to be a nice, slow, orderly process to see if our economy can stand on its own again. >> stocks were only part of the bad news. a metal meltdown. gold, the filter is dropping like a rock, losing a quarter of the value this year. don't be afraid to peek at your 401(k). after yesterday's dramatic drop, the dow was up 12.5% this year. >> everything was moving yesterday. interest rates on treasury bonds hit a two-year high. higher mortgage rates, higher car payments could be around the corner. don't despair. stock futures in the u.s. are up a little bit so far. we'll keep monitoring it. >> you used a swear word before we went on air. >> i did. i said darn, that was a horrible d
CNN
Jun 21, 2013 3:00am PDT
of money they're pumping into the economy each month. >> we will ease the pressure on the accelerator by gradually reducing the pace of purchases. >> reporter: the second, overnight thursday, bad news from china. manufacturing production fell for the first time in eight months. a sign that one of the world's most powerful economies isn't growing as fast as it had been. the pros on wall street say this was bound to happen after months of gains and record highs. and in fact, the fed pulling back might be a good sign that the economy's getting better. >> there is no fear. there is no panic that's going on. but i think we do know that it's going to be a nice slow, orderly process to see if our economy can stand on its own again. >> reporter: that doesn't make yesterday any prettier, and stocks were only part of it. a metal meltdown. 2 1/2-year lows for gold and silver. gold, the shelter from the storm in the recession, is dropping like a rock, losing a quarter of its value to far this year. don't be too afraid to peek at your 401(k). even after yesterday's dramatic drop, the dow was up mo
FOX News
Jun 21, 2013 6:00am PDT
are a bit higher as a sign the overall economy is strong and these are good things. i would think that would be good for the market and investors. >> reporter: ben bernanke is talking about a growth rate of 2.5%. and he's not talking about a flood of new jobs coming into the economy tither. he's got to quit the printing money at some point. he's hinting he will do it soon but he's not leaving a strong underlying economy underneath it. that's why to some degree you have got the selloff in the stock market. martha: an all female jury will decide if george zirmman committed murder when he shot and killed teenager trayvon martin. today we expect we'll hear whether a potentially critical piece of evidence will be admissible during this trial. phil keating is live in miami. this hearing focuses on that 911 call we heard so much. in that call we hear the gunshot, right? >> right. this is potentially decisive expert testimony money that can persuade this jury to go guilty or not guilty. whether it's george zimmerman's voice or trayvon martin's voice screaming in the audio tape. even saying quote, i'
KRON
Jun 20, 2013 4:00am PDT
the current economy as poor. but the poll also indicated a positive trend. the number of those who rate the economy as good has grown steadily since the end of last year of nearly 10% from last december. overall, optimism that the economy will improve his split almost down the middle. 50 percent predict they will not be better off a year from now, 49 percent say things will get worse. dunkin donuts is going to look in freeing--gluten free. sort of. the breakfast chain says it plans to offer gluten-free cinnamon sugar doughnuts and blueberry muffins by the end of this year. gluten is the major protein found in grant like wheat, barley and rye, as well as in some deli meats and other packaged products. for people with a condition known as celiac disease about 1% of the population, even small amount of gluten can prompt severe discomfort. the house is preparing to vote on whether to cut federal lee subsidized crop insurance that helps farmers when they lose crops or revenue. --federally subsidized. the amendment would limit government help for crop insurance paid to what the farmers and al
CNN
Jun 19, 2013 10:00am PDT
years. he believe that's going to be a big problem. >>> we're following the economy. whether or not it's looking up. there's mixed opinions. >>> men disappears from the workplace. we'll take a look at the job market. that's happening up next. >>> then, the jury selection continues in the george zimmerman trial. we're hearing from trayvon martin's parents. they are sitting in the same room as their son's alleged killer. >> it's difficult. seeing the killer of our child sit there with this big stare as if he did nothing. >>> she didn't want to testify but she did. just two weeks after her apparent attempted suicide. paris jackson says she's a daddy's girl. she's been devastated and lost since michael jackson's death. we'll have the latest on her condition, her testimony. that's in the wrongful death case against her father's promoter. matt's brakes didn't sound right... ...so i brought my car to mike at meineke... ...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. >>> president obama calls for fr
FOX News
Jun 20, 2013 12:00pm PDT
to take his foot off the gas pedal no energy left for the economy. interest rates will rise, scenario that is horrible for american families. people are fareful of what happens when bernanke backs out, the federal reserves stops supporting the market. >> what they're doing is, quantitative easing is printing of money, putting more money in the economy, and the government spends a lot more money and allows the private sector to get its legs back under it. the government takes over when the people can't, and then when the private sector gets its legs under it, the government backs off. hasn't happened. >> the feds have been trying to push interest rates down and stimulate borrowing and lending. the fed has kept saying, okay, we acknowledge we're sort of printing money but we think weeing pull that money back when the time comes. and that's not the issue. the hirsh here, number one, this is a market overreaction to what bernanke, the chairman of the fed, actually said yesterday. he did not say we're going to stop this program. he didn't even -- the program didn't even change. these were
FOX News
Jun 22, 2013 10:00am PDT
to be successful and in this marketplace. this global economy. >> the ceo and president of project lead the way is challenging americans to work collectively and in helping students excel in science and math. >> there are so many opportunities available for our students. if they understand what is necessary for them from a skills perspective. so what we do is we teach students how to apply math and science in rigorous way. >> with a background in urban technology he believes project lead the way is a gateway to helping impoverished kids. >> i grew up poor. and -- you know, i -- i remember, you know in high school, when i would drop out as a sophomore. i just remember the people that were so influential for me and in helping me understand that there was a better future. the worst thing that we can do for our children is to have low expectations. and not believe that they can succeed. in fact, they can. >> how can you change to make it better? >> awesome. think about how you can make it better. >> based on his own life experiences, he believes there's hope for every student from all background in
FOX News
Jun 22, 2013 3:00pm PDT
legally while bringing relief to a struggling economy. >> this bipartisan common sense bill will help the middle class grow our economy and shrink our deficits by making sure that every workinger in america practice plays by the same rules and pays taxes. >> senators introduced a bill that would bolster border security. the measure includes 700 miles of fencing along the u.s.-mexico border with the addition of tens of thousands of border agents. it also enforces a nationwide everify system and needs to be in place before illegal immigrants can apply for green cards. with all the support it has, there is still no guarantee this will fly through the senate before the fourth of july recess. >> this current bill is a mess. it is repeating the same failed pattern we saw in 1986. today instead of 3 million people, we're dealing with 11 million people who are here illegally. and what congress is saying is the exact same deal, which is legalization first and then they're promising maybe some day in the future the border will be security. >> senate leaders took a crucial test vote on this plan
FOX News
Jun 22, 2013 4:00pm PDT
and stay here legally and bringing relief to the struggling economy. >> this will help the middle-class grow our economy and shrink our deficits and making sure every one pays taxes like everyone else. >> senators introducing a proposal to bolster security. border surge includes 700 miles of fencing with the addition of tens of thousands border agents and enforces a nationwide e- verify system and needs to be in place before illegal immigrants can apply for green cards. there is no indication whether it will fly before the july 4th recess. >> the current bill is a mess. it is repeating the same failed pattern we saw in 1986. >> instead of throw million we are dealing with len million. and congress is saying the same deal, legalization first and then promising maybe some day in the future the border will be secowered. >> senate leaders have a test on monday. and bring it close to cent votes, that's the target number they say will pressure the republican house to act as well. harris, back to you. >> elizabeth, thank you. >> we are on sarah watch. the family of a little girl who had
KRON
Jun 20, 2013 7:00am PDT
-thirds of americans rate the current economy as before. the poll also indicates a positive trend: the number of those who rate the economy as good as ground steadily since the end of last year-up nearly 10% from last december. overall, optimism that the economy will improve is split almost down the metal. 50 percent predict they will be better off a year from now, 49 percent say things will get worse. >> if you think about starting a business, calif. just might be the state for you. according to the kaufman index of entrepreneurial activity and a list of 10 states saw more start of activity than anywhere else nationwide. here is a look of the top 5- montana, vermont, new mexico, alaska, and mississippi. coming in at no. 6 is california. in 2012, the state had a starting rate of 410 per 100,000 adults. the coffin index says that california has major advantages including a strong talent base, an estimatestablished network of venture-capital, a big consumer market, and top not to private and state research schools. a government analyst says the merger of american airlines and u.s. airways would reduce c
MSNBC
Jun 21, 2013 2:00am PDT
borrowing will soon come to an end as the economy continues to improve. but as cnbc's maria bartiromo points out, there may be a silver lining. >> every time we've seen a sell-off of 5%, a lot of people were expecting a correction of 5% -- each time we've seen that, that selling has been met by buyers. they call it the so-called buy on the dip mentality. >> well, nbc's tracie potts is live in washington with all the details, including what all this means for homeowners. tracie, good morning. >> key point, mara. good morning, everyone. the impact of all this, maybe you're not heavily involved in the stock market, but if you're trying to buy a home, we've already seen interest rates start to creep up. they will likely creep up even more as the fed starts to pull back its support. that means you could have less for your money in terms of trying to buy a home. but take a look at what the housing market has been doing, self-correcting. in may, 5 million homes were sold. that's up about 4% in a month, up almost 13% in a year. the median home sales price right now, $208,000. that's up 15% over year
FOX News
Jun 16, 2013 1:00pm PDT
that the u.s. economy is on the road to recovery. baby boomers are fueling rv sales. the motor home business hit a detour during the last ut now r vehicle sales apparently are up over the years. so what does this mean for the larger economy? let's bring back brenda buttner, senior business correspondent and anchor of "bulls and bears." thanks for coming back. >> absolutely. >> what is driving these numbers? they're up over the past year. >> they're up tremendously. right now nine million american households own rvs, that's the highest level ever. it's a $14 billion market in the u.s. but essentially you need a lot of confidence to buy a gas guzzling home on wheels. so what this is basically saying is that consumers are confident. essentially rv sales, they kind of anticipate a recession, but they also can foreshadow a recovery. so these sales show that perhaps we're on the road to recovery. >> because when sales bottomed out, it was due to a number of factors. like gas prices -- >> yeah. they didn't just bottom out. they went over a cliff from 2006 to 2009 motor homes, rv sales, fell 60%. th
FOX News
Jun 20, 2013 8:00am PDT
. the president's approval rating on the economy in this poll is 42 approve, 57 disapprove, and as you know a lot of young people are getting out of school and not being able to find a job, and a large number of kids who get out of college are moving back in with their families. i think this is more than just nsa, it may be the economy, it may be the overall perception of the president. the other interesting note in the poll was that for the first time he was viewed by the american people as not honest and trustworthy. 49% said that phrase applies to him. 50% says it does not a my to him. that could be another thing, because young people had such -- he was such an aspirational figure to younger voters and younger americans and if there is agreeing perception that he's not shooting straight with him, that he's not honest and trustworthy that could be very close not only among young people but among all voters. jon: isn't that perhaps the bigger problem i mean for him? because it's one thing to have your job approval rating kind of bounce up and down, but once you are perceived as not necessarily t
CNN
Jun 21, 2013 6:00am PDT
year and they're concerned what the fed is going to do when they stop supporting the economy probably some time into next year. you'll see this gut check where people are taking money off the table. >> christine romans reporting live from new york city, thank you. >>> six women, six women, just women would decide the fate of george zimmerman and remember race could be a key factor to this case. five of thez women jurors are white. one is described as hispanic or black. opening statements now set for monday. also, today the judge will rule on a controversial voice analysis of the screams heard on this 911 call. >> does he loohurt to you? >> i can't see him. i don't want to go out there. i don't know what's going on. >> do you think he's yelling help? >> yes. >> all right. what is your -- >> all right, you heard the screams in the background. the prosecution wants to show it was trayvon martin's voice. if so, that could hurt zimmerman's self-defense claim in shooting zimmerma eme eme em was unarm aed. >>> also new information this morning in the sudden death of james gandolfini. hotel s
CNN
Jun 20, 2013 4:00pm PDT
plowing into the economy to prop it up to prevent a depression is going to start drying up. the chief market strategist at knight capital group. peter, i guess the big question is, two days, nearly 4%. you know, that makes people afraid. and it should make people afraid. the question is, is this temporary or something that could get worse and worse? >> it's a real wake-up call. i do think this is a short-term trend. given that, we are in a period of volatility. since chairman bernanke did mention tapering back in may, which is where we had our highs -- >> meaning i'm going to eventually stop giving you this free money. >> we've seen a the lot of volatility in the market, more than we've seen all year. and sideways to lowered the last two days, significantly lower, this probably more work to do on the down side in the near term, but this is actually something that's needed. a pullback is needed. we need to get back to more compelling valuations in the indexes and stocks generally speaking. so it's not as if this is completely destructive. it's really more a question of longer term tren
CNN
Jun 20, 2013 5:00pm PDT
, the fight that affects millions of people and could reshape the economy and job market and could reshape america's border with mexico but on top of that is a battle in many ways for the future of the republican party, immigration reform. today in the senate offered an amendment calling for 20,000 more border agents and completing a fence to beef up republican supports if the larger reform bill passes the senate, republicans in the house will support it. that, however, is a big if. dana bash is here to explain why. dana, it goes back to border security for republicans. does it look like this bill, at least as it now stands, is tough enough on boarder security to get republican support? >> reporter: it's tougher and looks like it could. it's not a question in the senate whether or not immigration reform will pass but by a lot of votes and talking to republican sources, they think that this beefing up the border security will bring maybe ten to 12 republican senators near it that wouldn't before hand. supporters say they need maybe up to 70 votes in the senate to give this issue momentum he
NBC
Jun 21, 2013 6:00am PDT
eventually stop propping up the economy. >> scott mcgrew is working on it, can't really figure out why it took investors so long to notice. >> this is such a mystery to me, jon. on wednesday, midday, middle of the week the fed says what we said it was going the say. it's going to slow and eventually stop quantitative easing. more than 24 hours later, by the close of business thursday, investors were still selling stocks like they hadn't noticed the fed and sold before that. it was supposed to be big news. in this day of quick trade, why the dow fell more than 300 points thursday kind of crazy late. the worst losses -- we may see almost a sale on stocks today. bond prices are way up and we said they would be as well. oracle is leaving the nasdaq. the redwood shores company will trade under the nyc today. it doesn't really affect your investments, but kind of an embarrassment for the nasdaq. oracle stocks down big on slower sales. >>> two google doodles to show you this morning. one on the top, a welcome to summer. the other, a welcome to winter. today, as christina pointed out, the firs
MSNBC
Jun 19, 2013 11:00am PDT
, this was a hot topic on "morning joe" this morning, the economy so much of this was supposed to be especially the g-8 focused on that and we saw transition with the developments regarding nsa. when we look back at when the president visited germany before he was elected and even just the climate of the austerity measures in europe versus the actions that he promoted here in the united states and the face of both of these economies now, lends itself to an interesting discussion over what should be done to repair economies. >> reporter: you know, i look at this -- i want to look at this through the prism of obama/merkel relationship. they have become close. it was the financial crisis that brought them together. each was trying to pull the other to their direction. merkel was trying to pull the united states a little more austerity. president obama was trying to pull germany into saying you have to bailout all of europe. don't put such harsh crit era on what you're trying to do at the time during the great bailout. things like that. and they did sort of end up meeting in the middle and they're
MSNBC
Jun 20, 2013 11:00am PDT
this year because the economy is improving. it could also mark the beginning of the end of historically low interest rates. right now the dow is down. you see it on your screen, 227 points after falling 206 points yesterday. cnbc's kayla joins us live. kayla, the residuals still from bernanke's speech? >> tamara, i think we're going to be feeling the reverberations from that for a long time. all three averages are down 1.5%. you have gold which investors go to when they sell out of stocks. gold is down, too. you have bonds down also and the interest rates on those bonds are spiking. the ten year treasury is at a yield that it hasn't seen in nearly two years. stocks for their part have retreated. they've lost basically everything they've made in the last two months. you've mentioned it. it's somewhat ironic. a normal observer would say why is everything sell off because chairman bernanke said the market was doing better? there were all of these green chutes and signs up. there was an unprecedented amount by the federal reserve buying bonds, initiating pra ms to help stimulate the economy, an
CBS
Jun 21, 2013 12:00pm PDT
or not the economy will be strong enough for that to happen and the st. louis fed president james bullard who dissented against talking about signalling a bond tapering said that it may have been premature to talk about that when the fed in the process was trimming back its own economic forecast for 2013. but the market has stabilized a bit today but certainly if we're going to see volatility continue for some time until the fed does say exactly when it will make that bond move. let's take a quick look at the market right now. the dow is up by 64 points. it's been back and forward today. nasdaq is still down by 10 on pressure from oracle's weaker- than-expected earnings. the s&p up by 6 points right now. michelle, we'll take that right now. >> yeah, we will. kcbs radio's financial reporter jason brooks, thank you. >>> in other economic news california's latest employment numbers show more people are heading to work every day. the state's unemployment rate fell to 8.6% last month. that's the first time in nearly five years the jobless rate has dipped below 9%. california's jobless rate is sti
FOX
Jun 17, 2013 7:00am PDT
trade and economy. but because some of these countries disagree how to handle the blood shed in syria, that situation is expected to be a top priority. sadly puten is very outspoken -- vladimir puten is very outspoken about president obama's plan. the two are expected to talk privately. a new cnn poll shows that president obama's approval rating has taken a dive. last month, 58% supported president obama. now just 45% of the job he's doing. that's an 18-month low. we'll take a closer look at president obama's schedule for the remainder of the g8 summit when i see you next. kyla campbell, ktvu channel 2 news. >>> david cameron is among those attending the summit. this morning he refused to comment hon a hacking scandal -- on a hackle scandal involving the government. the newspaper there reported that britain's spy agency hacked into e-mails. >>> this morning, the white house is also defending the nsa's secret surveillance program of phone and internet records. white house chief of staff denis mcdonough says the program is constitutional and carefully monitored. he also says the u.s. go
NBC
Jun 17, 2013 4:30am EDT
progress for northern ireland's economy here in the last decade ever since the peace process between ireland and northern ireland. it just -- the country, the province has gotten off to a slow start. but then after he does that speech that's directed at locals, it's beginning the g-8 summit. and the issues here are going to be interesting when it comes to syria. you ses leshlly have the old g-7, and russia was added a few years ago. president pieten is on the side of bashar al assad. he's been helping bashar al assad with arms shipments and he's been quite critical of what the west has done with opposition. in fact yesterday, putin had a one-on-one with british prime minister david cameron. that didn't go so well. he seemed to lecture the allies on what they planned to do with syria. that is going to be the question is there consensus, veronica, between the u.s., the brits, the french and what to do next on the syrian opposition. >>> let's get you to another stories making news this morning. a man described as a moderate conservative claimed victory over the weekend in iran's electio
CNN
Jun 17, 2013 3:00am PDT
talking about policy. we're not saying we don't like the economy. we're not saying it's this one program. we don't trust you. >> reporter: and that becomes a huge problem for a progressive presi"ent who needs to tell people, let me use the government to make you) life better. if you don't trust him, his disapproval rating is up and you think government is too big -- 6 in 10 americans now think government is too big, that he can't manage it effectively. this is like a political version of an underwater mortgage, if you will. his disapproval is above 50. people don't trust the government. you look at this coming out, is he trustworthy? 49% say yes. that's up 58% since just last month. so he's taking a hit. something has americans stoppint and saying, hey, wait a minute. when you're early second term with the midterms just around the corner, don't invest in one poll, but if you're president and you know the clock is ticking, that's trouble. >> it's one thing about the nsa or about a policy, but if it's whether or not he's believable, it makes it difficult to come back, even it's just one po
CNN
Jun 20, 2013 11:00am PDT
's the existence and the possibility that the market is getting better. that's not a bad thing. we want the economy to get better. the problem is, is that the quantitative easing has at some point got to go away. >> what they call the stimulus. kr yeah. winding down on that. >>> two big stories. of course, you see the dow which has to deal with your wallet. then the story people have been following here for a year now. just a little bit more information before we go to break here. as i said, jury has been selected in the george zimmerman trial. just to tell you about this jury, it's a six-person jury to hear the case of george zimmerman. it's been chosen. it consists of six women, we are told. there are no men. no men on this jury. four of them are white, one is black. the race of the only woman -- the race of the one lady is unknown. we're not exactly sure what it is. again, four white, one black. i'm not exactly sure of one. four alternates being chosen right now. more on this developing story when we come right back. i don'without goingcisions to angie's list first. with angie's list, i know who
FOX News
Jun 20, 2013 3:00pm PDT
said was that if the economy continues to grow at the pace that it is he may start trimming that bond-buying program by the end of the year. not that he's going to stop it all together. not that they're going to sell their enormous balance sheet. nothing like that. they just may start trimming it. that sent the market absolutely reeling. and it shows you that this unprecedented program that has been started by ben bernanke, the dismount from this, isn't going to be pretty. >> let's look at this a different way. if bernanke is talking about easing off the stimulus even a little bit, d ton that mean the economy is improving? isn't there some good news here? >> it's true. it does mean that. but if you look around the funds are better but they're not that strong. we got some jobs numbers today that were pretty good, some housing numbers, existing home sales that were good. but the problem is that as he gets out, people sell bonds, interest rates go up, that will hurt the housing market because that's been one of the main things that has helped housing rebound is this this idea you could b
ABC
Jun 21, 2013 1:40am PDT
'll always know where she is headed. let's begin with worries about the economy here and around the world. >> overseas markets are lower this morning after a drop in the dow. here with more is abc's marci gonzalez. >> reporter: from the opening bell, deja vu of plunging stocks. the worst day of the year on wall street with the dow dropping by more than 350 points at the close. the second consecutive day of stunning selloffs. >> people start panicking. so they sold. >> reporter: investors say the drop is largely due to of all things good news about the economy. federal reserve chairman ben bernanke announcing if the economy continues improving the central bank could soon begin winding down its stimulus program which pumps $85 billion into the market each month to keep it afloat. >> we have had training wheels on our economy quite some time now. we are getting word the training wheels are going to have to come off, slowly come off. we are going to see if we can ride this bike on our own. >> reporter: market uncertainty has had some impact, leading to mortgage rates climbing above 4% for the
Current
Jun 17, 2013 6:00am PDT
the economy, we can talk. but the unconstitutionallizing of -- institutionalizing is part of the obama legacy. go ahead. >> this is not film to say that he is as bad as bush to say there's one area that he is following in bush's footsteps and in some ways, has our ability to do surveillance on a massive scale has increased so has that surveillance. >> stephanie: well, you know you probably saw michael hayden on the sunday shows who is the head of this under bush. he said look, obama is doing this with much more transparency than we did. he's doing it -- everything obama has said with more oversight and more checks and balances. you can have the whole discussion. should we be doing any of it in the first place. i had alan grayson on last week who i love. we have to have agitators and great liberals but his bill, when the president said you didn't have 100% security and 100% privacy his bill would give us 100% privacy but i don't think it's workable. >> i think i said last week, my take is this is happening. we now know it is happening. that it's not not going to happen. and even if they craft
MSNBC
Jun 22, 2013 7:00am PDT
putting money back into our economy, then, you know, i think that republicans, they're not necessarily -- they're being a little bit disingenuous by pretending this is going to cost us, whether it costs our values, cost us morally like you're talking about, or cost us economically, which it's not. >> some people have some confusion about what social security works. you don't save for your own retirement. today's workers pay in which pays for today's retirees. we are in this circumstance with the baby boomers, they are retiring. if what we must have in order to make this solvent and work is more people. we also need more people and more people paying more into it. but this is, in fact, part of the solution. >> but talking about that would underscore the fact that we are in this together. which is really at the crux of this immigration debate. >> another way in which you see this is the struggle over health care for immigrant. and i say this, i'm a proud naturalized u.s. citizen, i'm an immigrant to this country and a daughter of an immigration lawyer. this is an issue very dear to my he
FOX News
Jun 21, 2013 8:00am PDT
our heritage, our hunting and fishing traditions and all the sustainable economy that comes from that on something that's speculative? it doesn't make sense from a dollars and cents standpoint. >> reporter: now, the blm is still allowing public comment on its decisions through the end of this month. jenna? jenna: a story to watch, alicia, thank you. jon: so the clock is ticking on passing immigration reform in congress. could a security surge on the border be enough to silence the critics of this bill in congress? we'll ask one of the so-called gang of eight senators who is pushing immigration reform, john mccain of arizona. >> the facts are that 11 million people live in the shadows, and they live here in de facto amnesty, and by god, they are being exploited every single day. jon: "happening now," maybe call it the border surge. two republican senators hoping that a plan to boost border security with double the agents, a 700-mile fence and the use of drones will push a bipartisan bill on immigration across the finish line in the senate and also garner the support needed in the
ABC
Jun 21, 2013 7:00am PDT
of the volatility is the result of good news. the 350-point plunge comes just as the government says the economy is getting better. everything from housing to jobs, to consumer spending, all showing improvement. so, why would wall street run scared from such good news? experts say, it's all because fed chair ben bernanke, basically our country's banker in chief, now wants to take the training wheels off our economy. saying because things are looking up, it's time to dial back on trillions of dollars the fed's been pouring into the markets. >> we've had training wheels on for quite some time now. and now, we're getting word that they're going to have to come off slowly. and we have to see if we can ride this bike on our own. >> reporter: but riding without that help means the cost of borrowing money to do everything from buying a house to starting a business is going up. and that spooks the stock market. and staying on that training wheels theme, traders here on wall street aren't afraid we're going to crash into a wall when the wheels come off. what they're concerned about is things could get wo
CNN
Jun 16, 2013 3:00pm PDT
economy. it is about progress. it is about economy. that's the political argument he was making. when you put it in context, you see that that's what it's all about. he is framing the immigration debate in an economic perspective. >> i'll tell you how it is going to change things, don. i'm from texas which we all know has gone republican for i think since lbj. jeb bush is actually the won who said that the changing make-up of this country, that we are becoming a browner country, texas has actually become a blue state he said if republicans didn't get their immigration reform act together. that's how it is changing this country. we are seeing swing states in play that used to not be in play because of the number of immigrants coming to this country. so it is changing our country. the fastest growing group is multi-racial americans. i am hoping one day we'll all be so mixed up a lot of this nonsense we are always arguing about in terms of race is kind of a moot point. >> anna -- >> don, just one last point. for all the people watching the three of us on tv right now, we just got one message
CNN
Jun 18, 2013 4:00pm PDT
own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. [ whirring ] [ dog barks ] i want to treat more dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take your business? i need help selling art. [ male announcer ] from broadband to web hosting to mobile apps, small business solutions from at&t have the security you need to get you there. call us. we can show you how at&t solutions can help you do what you do... even better. ♪ >>> our second story "outfront," held captive in ohio. so for the second time if two months we're hearing people being held captive against their will in ohio. this time, a woman and child allegedly held for two years. according to federal authorities, the disabled woman and her daughter were allegedly held in an apartment in ashland, ohio, where they were forced to eat dog food and treat
CBS
Jun 19, 2013 6:00am PDT
'll explain when they might start to do it and what will happen if the economy stumbles after that. the market has rallied big time the first two days of this week. back-to-back triple-digit gains by the dow jones. let's look at the big board see how we're doing this morning. market pulling back a little bit ahead of the fed announcement. dow dropping about 40 points. nasdaq and s&p each lower by about 4 points. netflix shares up 2%, tesla up 1.5%. >> thank you, jason brooks from kcbs news. >>> the republican led house has passed an anti-abortion bill. the measure restricts abortions for the first 20 weeks after conception. it's almost certain to fall short in the democratic-led senate. the white house has issued a veto threat. but it will have political impact in next year's republican primaries and future court battles challenging the 1973 supreme court decision affirming abortion. >>> breast cancer survivor melissa etheridge is commenting about angelina jolie's decision to undergo a double mastectomy. in an interview she called it a fearful choice. the rocker revealed she too has the same g
MSNBC
Jun 17, 2013 3:00pm PDT
to it the floor because job market is stagnant, the economy is hurting, and they're debating rape and abortion. and look, charlie dent is a good guy. but the democratic argument against charlie dent is sure charlie dent is a good guy. but he is going to vote for john boehner for speaker, and they'll control the agenda. so if you get rid of charlie dent, there is a chance we can get a new speaker who won't be bringing things like these. so the republicans don't get it. they should listen to the few people left like charlie dent. >> you know, joan, when you look at the fact that as the governor just quoted charlie dent, this bill that has gone to the floor, they're trying to pull back the sponsor because of his outrageous statement. but they're still dealing with the bill and having congresswoman blackburn manage this bill on the floor. >> right. they've decided that they're going to put a woman's face on the bill. and congresswoman blackburn is no friend of women, reverend al. she recently really embarrassed herself by saying that equal pay is not an issue for most women. >> wait a minute, the
MSNBC
Jun 19, 2013 3:00pm PDT
to have economies that are working for all people, not just those at the very top. >> today we got many comments from our facebook community about the president's big speech in berlin. where he spoke from the brandenburg gate just as president kennedy did some 50 years ago this month. doug says thank god for giving us leaders like the kennedys, clinton clintons, and obama. abby says i think it's a great honor for our president to speak where another great president did fighting for the same cause. equality. gregory says president obama always represents us well. and with his beautiful family traveling with him, even better. we want to hear what your thoughts are on the president's speech or anything else. please head to facebook and search "politicsnation" and like us to join the conversation that keeps going long after the show ends. i turned 65 last week. the math of retirement is different today. money has to last longer. i don't want to pour over pie charts all day. i want to travel, and i want the income to do it. ishares incomes etfs. low cost and diversified. find out why nine ou
MSNBC
Jun 21, 2013 11:00am PDT
falls below 6.5%. he has no fixed plan to stop purchasing the securities helping to lift the economy. even when they stop, they won't turn around and sell them, which would be bad for investors. we've had several billionaire money managers writing in to voice their continued confidence in the stock market saying this will all pass too. afterall, the economy is heading in the right direction. tr tamron, if you want to invest in the stock market right now, you're going to have to have a steel stomach. >> thank you, kayla. the news nation is also following breaking news out of the white house where president obama is about to nominate james comey to be the next head of the fbi. he's a former justice department official who helped oversee the legality of the national surveillance program under president george w. bush. if confirmed by the senate, he would replace robert mueller, who's head of the agency since september 2001. although fbi directors are limited to a single ten-year term, mueller's term was extended by the senate at the president's request. comey's nomination comes as the f
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